BlackRock Homes Partners Acquires 57-Unit Multifamily In Bridgeport, CT For $8.1M
45 Monroe Street, Bridgeport, Connecticut 06605, United States
$8,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 1, 2022
AI
A multifamily property located at 45 Monroe St in Bridgeport, CT has been sold in a recent transaction. The property consists of 57 units and was sold by Westnor Apartments LLC to BlackRock Homes Partners LLC. The deal was facilitated by Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno from Northeast Private Client Group. The sale price for the property was $8,100,000, resulting in a per unit price of $142,105.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,100,000
- Address: 45 Monroe St, Bridgeport, CT
- Market: Bridgeport, CT
The key individuals involved in the transaction were Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno from Northeast Private Client Group, who represented the buyer and seller in the deal.
Players
Bridgeport MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93